Sunday, 9 February 2020

Heard Under The Sheds – 9/2/2020



Heard Under The Sheds – 9/2/2020

A Trader says it is refreshing to see CEO, Stan Liacos, candid comments in an email to Night Market Traders this week in which a plan of action was identified to tackle dwindling attendances at the Wednesday Night event.


A contender for best retail sign of the year is this one outside the Mary Martin Bookshop in String Bean Alley. “Just brilliant!” said one Trader.

Just when we thought we had heard it all about the Coronavirus these facts (??????) were revealed under the sheds this week –
    1.    Have you heard that the speed limit on the Great Ocean Rd. has been increased to 120kph because there are no more tourist buses.
    2.    The Chinese New Year has been changed to Year of the Bat.
    3.    The wire cage in C Shed may be retained to quarantine Traders returning from visits to China.

And on a more serious note – One of our Traders revealed that at Hong Kong Airport on 4th January this year he heard a public announcement urging any visitors to Wuhan to consult with their local doctor.

Containers in SBA are to get guttering in an attempt to avoid the pools of water shown in last week’s Heard Under The Sheds.

One Trader lamented that current takings are less than 10% of the peak in the “good old days”.

A Trader says he has noticed smaller queues at our ATMs.

A Trader was criticised by his neighbour this week for contemplating a day off due to poor trade. “How can we fix the gap problem if we don’t all pitch in during tough times?”

A Trader asks why he feels so tired and listless at the end of a really quiet trading day yet full of energy on a day when he has been rushed off his feet by customers. – something to do with adrenalin?



Heroes Of Victraders 2

Here are some more of the people at QVM that have helped personalise market life as seen by Victraders over the last 10 years.





Trader Seeks Forum To Re-organise The Upper Market – Part 2


This article was first launched back on 19th January and received a rather lengthy response from one of our readers. Well, the original author has decided to respond back. We have included the full article, the response, and now the author’s response below:

A Trader has written to us about the need to re-organise the Specialty Merchandise area of QVM.

He says “The Fresh Food Market is very well organised, logical, and makes shopping easy and attractive to customers. There are designated aisles for fresh fruit and vegetables, deli, meat &fish, and a large number of competing traders offering the greatest variety of goods to customers at the most competitive prices.”

“How different is the Specialty shop area!!!!!! It’s a total disaster. Everything in this area is made for customers to have the worst shopping experience. No system, no logic. Customers are just dragging themselves from aisle to aisle until they get totally exhausted and disenchanted and just leave without buying anything.”

“How do we rectify this?”

“In my opinion there has to be a forum which must have proper representation from QVM Management and Traders as well as customers to the work required.
As a quick band aid solution I would recommend:
- to put a printed Trader Directory together and add it to the QVM website. Hard copies could be made available at the Visitor Centre.
- to create a printed version of the existing QVM website to be distributed to customers to have some vague idea about what merchandise they can shop for.
- a proper action plan needs to be put together to completely restructure the speciality shop area and re-engineer its perception from a Trash and Treasure Market and turn it into Melbourne’s Best Value Shipping Outlet, which it could be.”

Have Your Say – click here.
COMMENTS:
20/1/2020 1934 - "I totally disagree with the comment that the specialty section of the market is a total disaster. QVM is a market it is not a shopping mall and people come to look around an operating market, enjoy the atmosphere, and talk and joke with the stallholders and, contrary to what some stall holders think, don't even notice the storage boxes etc that are part of the market. Many, many times I have heard people on Peel street on the top of sb alley or L shed talking among themselves asking "where shall we explore first" or "which aisle will we go down first" obviously looking forward to an adventure to possibly see what bargains they can find. With about 70% of our customers tourists from both intrastate, interstate and overseas we find that the majority did not come to the market to buy a particular thing but, as I said before, to look around the great Vic market and enjoy the atmosphere. I shall remain anonymous as did the author of the original comment."
Thank you for your contribution.  There is much to be said for QVM as an adventure - Ed

8/2/2020 1430 – “After reading the comment above, I thought long and hard and decided that if we are to have a serious and involved discussion about the need to re-organize and re-engineer QVM Specialty Shops Area, I must reply.

My first comment is that on one side I am delighted to see that my initial thoughts have triggered some comments, even if they are negative and apprehensive, but on the other side these comments have proven loud and clear that  one of the biggest challenges for QVM  is people's approach to any suggestions to make changes. And so we get comments like "If it has been good for 50 years why change it?" Yet in our life the one and only constant thing is ongoing change and the need for more ongoing change. 

Without the will to accept the need for change the QVM Speciality Shop Area is doomed to failure.

So I try to give you my opinion regarding the most important points this person made.
1. Well everybody is entitled to his or her opinion, it's a free country. However if someone is making comments regarding major issues like this the most preferred method is to come up with his/her suggestions as to how to solve the issues. However I am confident that the writer who made the comments is fully satisfied that the status quo is the best available option. Well I beg to differ!

2. The writer goes on to state that QVM is a market not a shopping centre....well in fact this is a true statement, however it's totally irrelevant. Reason being that customers local, interstate and overseas have a choice where they want to spend their money. So guess what, they will spend their money where they get the best value shopping package. That is the only relevant issue as QVM Speciality Shops are competing with all CBD retail outlets, shopping centres, and DFO’s. 
The only way customers will spend their money at the QVM Specialty Shop Area is because the QVM shops/traders are offering more attractive shopping options than all the other CBD retail outlets.
Do you seriously believe that potential customers will consider purchasing fashion ware or shoes or cosmetics in QVM Specialty Shops Area instead of Myers, David Jones, DFO, Zara, H&M etc. just because it’s the market? No way.........as a starting point customers have absolutely no idea what goods are available in QVM, no idea what shops are there, and where these shops are located. That is the very reason in my opinion it is of paramount importance to put a Trade Directory together, erect Trade Directory Advertising Boards right through QVM telling customers where to find different types of goods and where to find those shops. Equally important to have a printed version of this Trade Directory to be handed out to visitors to the market and in addition publish it on the QVM website.

3. The next comment is suggesting that customers in the QVM enjoy playing "hide and seek" to explore what stalls are in the next aisles. Well that's fine, however, I believe that it is most irresponsible to downgrade  this discussion to "he heard this, she heard that...". Making decisions on the basis of hearsay is not a very good scientific method. 

I just mention at this juncture that I have had several customers complaining about lack of any system in a market and especially customers who need to return to the market with their husbands or wives find it absurd that the trader has no idea where his or her stall will be the next day as it keeps changing every day. The only thing we definitely have is total anarchy...at present a shoe shop is trading next to an electronic accessory shop and a hand-made cosmetic shop next to a hardware store etc.......total lack of any system so the customer has only one choice which is to spend hours and hours by wandering through all the aisles to have some vague idea about what sort of goods he/she can shop for. Is it good for the customers? Well I have heard several angry customers complaining about this however the best way to find out what customers really thing is to do a customer survey which will reveal without any doubt what customers thing. 

However I am confident that making assumptions about customer satisfaction without knowing the real facts is very dangerous and irresponsible. I am fully convinces that the major stakeholders like QVM Management, traders and customers are entitled to know what the truth is. And based on the findings of a survey, an Action Plan can be put together outlining the major directions as to how to rectify this terrible mess in the QVM Speciality Shop Area.

So where do we go from here?

Obviously I do not wish to downgrade the most exciting project of how to restructure and re-engineer the QVM Speciality Shop Area to a personal dialogue between myself and another person who made some comments.

In reality as I said before I am looking for the most adequate forum to discuss all these vital issues about our beloved QVM which in fact pays the wages to QVM Management, determines if traders make money or lose money and if customers are prepared to convert themselves from visitors to money spending customers which of course is the lifeblood of QVM.”


Have Your Say - click here.

Latest Retail News – 9/2/2020


Latest Retail News – 9/2/2020
1. Unilever considers the future of its T2 tea stores.
2. Coronavirus expected to lead to delays, higher prices, and reduced spending.
3. Aldi launches app focussing on nutritional value of foods.
4. Nearly 4 million Australians now use food delivery services.
5. Handbag brand, Colette, enters voluntary administration. 140 stores at risk.
6. Icecream brand, Ben & Jerrys, drops its “happy cows” claim after lawsuit.
7. H&M has new online plan for Australia.
8. Coles says its Christmas trade exceeded expectations.
9. Fashion brand, Tigerlily, lets CEO and CFO go in major shake-up after rebrand.
10. Australian Bureau of Statistics says retail sales fell 0.5% in December.
11. Four’N’Twenty pies launch in US convenience stores.
12. Bushfires have devastated honey production according to Capilano.

Articles Worth A Read:
Huge success in business is largely due to luck - https://theconversation.com/huge-success-in-business-is-largely-based-on-luck-new-research-130843

Why the retail store is here to stay in Australia - https://insideretail.com.au/news/why-the-retail-store-is-here-to-stay-in-australia-202002#daily

Tuesday, 4 February 2020

New QVM Video Showing Up Strong On Social Media

This video was released on social media on Monday and Traders will notice a few familiar faces.

Sunday, 2 February 2020

Heard Under The Sheds – 2/2/2020



A Customer from Vancouver was excited to experience Melbourne’s famous four seasons in one day (well a few anyway) this week. He was assured that snow was unlikely.

A Trader says it was heart-breaking to see tourist buses turn up mid afternoon on the 43 degree Friday when most Traders had left.

It’s all in the name - a Trader tells us of a Canadian customers who was delighted to experience Melbourne’s art gallery offering including the Victorian Arts Centre on Southbank and some smaller near-city galleries. She was looking forward to checking out the Men’s Gallery in Lonsdale St. until our Trader explained it may not contain the art she was looking for. (Men’s Gallery is a strip club.)

A Trader suggested we needed to get the Coronavirus into perspective and pointed out that there were anywhere between 10,000 and 25,000 deaths from influenza in the US this past season.

On a similar vein, a Trader suggested the economic downturn, severe Australian bushfires, and now the Coronavirus travel restrictions are creating a perfect storm for retailers.

A Trader says he could handle Thursday and then Friday’s extreme heat but Saturday’s humidity was just too much.

A different perspective on String Bean Alley - The view from the top of String Bean Alley towards the city skyline is one of our most photographed spots in the market but the combination of some collected water, and a nearby trader’s model boat created this interesting vision.



That pool of water is on the verandah of one of the SBA containers. Many of the containers suffer from weather exposure and the problems for customer movement are obvious. One of our engineering/architectural advisers (we have many of them under the sheds) suggested a couple of small holes could be drilled in the decking to allow water to drain away. Sounds like a reasonable solution.

A trader reports that his two biggest sales on Wednesday night were to young children who were apparently spending their Lunar New Year gift money.


Heroes Of Victraders


Victraders has identified itself as a website for Traders at the Queen Victoria Market for more than 9 years. It is those Traders and the management staff who look after the market that are the real heroes of this website and we have included many of them in articles across the years. Here are just some of the personalities featured on our pages. We will add more over coming weeks.





The End Nears For Victraders


The Editor of Victraders is retiring from the Queen Victoria Market and new content will cease within the next month or so. There will be no more articles and no more weekly emails but there is a good reason why this is not bad news.

Victraders started back in 2011 when a few members of a Trader Focus Group (set up by the CEO at the time) decided that Traders needed better communication. There were printed Trader Bulletins then but they were largely dismissed by Traders and more likely to end up in the rubbish than actually read.

 Victraders attempted to bring some balance to discussion and add in a little fun along the way. “Bringing balance” didn’t just impose on management but also on some Traders who could bring their own brand of propaganda to arguments.

But times have changed. QVM communication has come ahead in leaps and bounds. Traders now receive regular communication in many forms with printed Trader Bulletins (containing lots of useful information) being supplemented by emails, Trader hub sessions, and even SMS. Timely warnings of sudden changes in and around our market, mean that Traders are fully informed on matters that may affect their business.

Feedback and comment have been regularly invited, and the creation of Precinct Managers has improved communication. Getting direct management access has pleased many Traders (well at least those who got what they wanted). It is difficult to underestimate the value of Peter, Russell, and Renato wandering our halls and aisles.

A rejuvenated Trader Representative Committee will improve Trader input on policy decisions and  the QVM Committee of Trustees gives Traders a voice at the highest level.

Communication at QVM has improved dramatically and the future is bright. The departure of Victraders will not leave a vacuum, unless you have come to rely on Guru Pete’s weekly Facebook  horse racing tips, and that is a problem that may require advice beyond this article.

By Greg Smith.

Trader Burnout – Are We Prepared?

Please take a minute to read this excerpt from an article in Inside Retail last week -

“While all workers across a number of industries can experience burnout, those at the top of the ladder (ie. CEOs and business owners) can be at increased risk. These workers have a large catalogue of varied responsibilities, wear a number of hats within the business environment and tend to have maximum accountability to other stakeholders. Ad hoc and/or extended hours can also increase the risk of exhaustion, and, particularly in the case of business owners and entrepreneurs, there is an additional emotional and mental investment in the everyday activities within a business, making it harder to switch off and create an appropriate work-life balance.

Aren’t we identifying every full time market Trader in that description? And aren’t current conditions making it harder to avoid burnout?

Do we have the trader policies to address burnout or are we simply applying old rules to a new dilemma? One Trader recently took an extended break on advice from his doctors. He is reluctant to label his condition but I am going to call it burnout. On his return he presented a Doctor’s certificate and asked that his absence be treated as special sick leave. Part of his recovery was to regain control of his life and business and part of that control relates to taking time off when it was needed. He was told that his absence would be taken as part of his normal leave which means that he is now severely restricted with days off and that is not going to help a Trader struggling to get back to health.

Clearly we don’t want any abuse of leave systems. Some Traders have abused leave provisions in the past with the worst of them finding every reason in the book to stay away during quiet trading times whilst keeping their entitlements. That abuse cannot be allowed, but burnout is different. Burnout is a symptom of these times, and maybe we need new rules. Burnout, supported by medical diagnosis, may need a different approach.

Burnout victims will be given plenty of advice with coping. That will include adjusting work/life balances, and taking control of their lives.

The retail world is full of change and we are constantly told to respond to change if we wish to survive. Maybe that rule needs to apply to leave policies as well.

By Greg Smith


More Reading:



Latest Retail News – 2/2/2020


Latest Retail News – 2/2/2020
1. A Sydney Dan Murphy store sells a 72 year old bottle of whiskey for $150,000.
2. David Jones same store sales slip, but online up 61%.
3. Treasury Wine Estates (Penfolds etc.) cuts guidance.
4. Australian CEO’s pessimistic about business prospects even before bushfires hit.
5. Industry groups want banks to make tap’n’go cheaper.
6. Aussie brewer releases hemp beer.
7. Booktopia buys Co-op Book business.
8. Greenlit Brands (Fantastic Furniture, Freedom, Snooze) reports $287m loss in 2019.

Articles Worth A Read:
(Caution- some of these articles paint a fairly sad picture. The article about 2020 being a dismal year also suggests that Australia is unlikely to go into recession. We seem to be experiencing a torrent of bad news right now and maybe time will give us some balance - Ed.)
Nordstrom And Others Introduce Bars To Boost Sales - https://www.seattletimes.com/business/nordstrom-and-other-department-stores-are-betting-on-booze-to-boost-sales/

Five Reasons Why Legacy Retail Won’t Survive This Decade - https://www.forbes.com/sites/andrewbusby/2020/01/26/five-reasons-why-legacy-retail-wont-survive-this-decade/#3bec40834e0d

Ecommerce In The UK Surpassed 25% of Holiday Season Sales - https://www.emarketer.com/content/ecommerce-in-the-uk-surpassed-25-of-retail-sales-during-the-2019-holiday-season-brick-and-mortar-took-a-hit?ecid=NL1016

2020 To Be A Dismal Year For the Australian Economy - https://insideretail.com.au/news/2020-survey-no-lift-in-wage-growth-no-lift-in-economic-growth-and-no-progress-on-unemployment-in-year-of-low-expectations-202001

Retail Isn’t Dying – It’s Just Changing - https://powerretail.com.au/opinion/retail-isnt-dying-its-just-changing/


Sunday, 26 January 2020

Heard Under the Sheds – 26/1/2020



One of our Traders had nothing but praise for security staff at Wednesday’s Night Market. A staffer suspected a man had stolen a $10 item from the stall and asked a member of the cleaning staff to contact security through the walkie talkie. Security attended, located the man at a neighbouring stall and examined his carry bag. Amongst items taken from other stalls was $35 worth from our Trader’s stall. He was impressed with the level of professionalism shown by security staff and happy to have the goods returned.

When you have a birthday and your fellow Trader’s arrange a birthday cake, it is pretty special. And don’t worry Ronnie, we won’t tell anyone your age.

A Trader reports that the Australian Open Tennis beats all other events for variety in nationalities. Melbourne truly becomes a global city.

One Trader was hoping to learn how to say Happy New Year in Chinese but after some uncomfortable attempts opted for a printed leaflet with the appropriate message.

Wednesday Night's Market was once again subject to weather warnings but the rain stayed away until 8:30 pm so most Traders improved on the previous week.


Do our artists and graphic art sellers have some new competition at QVM? This colourful range was created by children enjoying school holiday entertainment on Queen St on Sunday.

After a particularly quiet trading day on Saturday Michael M has a polite message for the 88% of Traders who voted to extend trading hours – “What the hell is the matter with you!!!!”

A Trader tells us that Sunday's untidiest stall on Queen St (Twisto) has been absolutely transformed with an impressive new silver van.

Apparently some graffiti artists managed to adorn the rear of the Franklin St. stores above the roof line on Saturday night. One Trader suggested they had actually improved the look of the buildings while another asked if Guru Pete would be climbing a ladder to do the cleaning. Pete gave the expected response.

Our bad (but irresistible) joke of the week – At court last week, the accused was flat on his back on the floor. The plaintiff said “Your Honour –I object, he’s lying!!!!”

A Trader was very excited to read that Rock Lobster from WA’s biggest exporter had dropped from $105 per kilo to $0, until someone pointed out that the price meant the fishermen had stopped harvesting because of the Coronavirus in China. Apparently Chinese New Year is one of the biggest occasions for lobster consumption but the virus has put a dampener on celebrations.


The One Thing Certain In Retail Right Now


The one thing that is certain in retailing right now is uncertainty. The ups and downs, particularly of consumer sentiment, are creating an uncertain business environment for all retailers, including market Traders. But there are upsides.

It is difficult to get guarantees on anything to do with trading and certainly the customers, employees, owners, and suppliers of the likes of Harris Scarfe, Jeans West, Bardot, and many others, would love to have had some guarantees of stability. The reality is that there are few guarantees in the middle of a retail revolution.

So what are the upsides? Well, perhaps the biggest one is opportunity. In the share market, a good time to consider buying is when a market correction is going on. Getting in to retail right now could be good timing if you are committed to the industry, happy to look long term, keen to learn from emerging trends, and wise enough to pick on categories with potential.

When an industry is shaken up it creates opportunities for those ready to meet changing needs. Reading the signs, experimenting, adapting to change, are all qualities most likely to succeed. If you view these conditions with fear then the future may be difficult. If you see them as opportunities then retailing may become the exciting challenge that many of us have experienced in the past.

There is a lot of advice out there about what to do. Just this week a retail commentator suggested retailers needed to look for supplementary sources of income related to their business. Tide, the US detergent brand recently created a chain of dry cleaners, while toymaker Lego has invested in the movie industry. How that translates to smaller businesses may well be worth some thinking power and perhaps a subject for a future SBMS information session.

One of our own Traders this week said she believed the future lay in imparting vision to customers. She talked about attaching value to products through creative design and merchandising. By creating products with a story and connecting with the customer we could transform boring product purchasing into an entertaining experience.

And finally, an article in Power Retail this week about the future of retailing contained the line – “We’re living in tough times – there is plenty of uncertainty. But with patience, and the willingness to adapt, we won’t see the end of retail, we’ll just see it changing.”

By Greg Smith

Consumer Law Workshop At Trader Lounge


There have been many amendments to consumer laws in recent years and understanding your obligations (and your customers obligations) becomes an imperative if you are to avoid difficult exchanges.

Do you know the rights of your customers and your obligations to them?  

Do you understand Consumer Guarantees and Rights under Australian Consumer Law? 

A Consumer Law Workshop is to be held at the Trader Lounge on Wednesday 19th February and facilitated by Sally Lawrence, SBMS Business Mentor, Master in Business
Law, Employment Law and Consumer Law, Contract Law & Governance. Sally
is an experienced mentor and coach who understands that business can be both extremely rewarding and extremely challenging.


Here are the details:

Date: Wednesday 19th February
Venue: Trader Lounge Boardroom
Time:  11am to 1pm with a light lunch provided.

Registration is required for catering purposes.
RSVP: by 13th February 2020.

Register on line at http://bit.ly/QVM-CL1

Latest Retail News – 26/1/2020


Latest Retail News – 26/1/2020
1. UK supermarket experiments with no packaging refills for breakfast cereals.
2. Nestle adds plant based sausages to range.
3. Super Retail Group (BCF, Supercheap Auto, Rebel) says December sales impacted by drought and bushfires.
4. Self-scan checkouts could impact on Australian employment opportunities.
5. Deloittes says Australian economy set to muddle through another year.
6. Woolworths offers discounts to emergency service volunteers.
7. Rain lifts consumer confidence.
8. Fruit and vegetable supplier Costa Group is introducing a Click and Collect service for its retail and wholesale customers.
9. Amazon Australia to introduce independent delivery service similar to Uber Eats.
10. Aussie born Mexican food franchise Guzmen Y Gomez launches in US.
11. Kaufland shocks with decision to pull out of Australia despite already investing $500m.
12. Louis Vuitton inks multi-year marketing deal with US Basketball.
13. ACCC investigates alleged supplier cartels attempting to keep Kaufland out of Australia.
14. Woolworths nominated as Australia’s most valuable brand.
15. Jeans West closing 37 stores.
16. Dimmeys expect to keep 12 company owned stores operating.

Articles Worth A Read:

Boring retail killed Jeans West - https://www.insideretail.com.au/news/online-competition-didnt-kill-jeanswest-boring-retail-killed-jeanswest-202001

Bushfires send consumer confidence lower - https://www.abc.net.au/news/2020-01-22/bushfires-send-consumer-confidence-lower-mini-retail-boom-ends/11889144

Supplementing sales revenue will become the key to survival for retailers - https://www.insideretail.com.au/news/why-product-is-no-longer-enough-to-survive-in-retail-202001


QVM In The News - 26/1/2020


Plans to restore Queen Victoria Market's iconic sheds have been given the green light after a previous controversial proposal was rejected.
SUMMER in Melbourne and regional Victoria is worth spent outdoor, ... Queen Victoria Market's 141-year old heritage houses a wide range of ...
By Sean Car,. An analysis of the community engagement for the future community space on the Queen Victoria Market (QVM) carpark has revealed a ...
His business Melbourne Bushfood has recently arrived in the organics section at Queen Victoria Market (QVM), adding to the market's already diverse ...
Maximum Chips will be located at Shed X, Queen Victoria Market. Mark out your calendars for Friday the 20th of March 20 - starting at 5 PM and ...
Peel St between Dudley St roundabout and Victoria St. ... Traders at Queen Victoria Market made a formal request to reduce the speed limit more than ...
Fire has broken out at an abandoned lolly shop near Melbourne's Queen Victoria Market. It took 30 firefighters about half-an-hour to bring the blaze at ...
Often at the market you'll see buckets of heads that don't get put to good use at ... Held at the Queen Victoria Market over both weekends of the festival.

Sunday, 19 January 2020

Heard Under The Sheds - 19/1/2020



Many Traders are expressing concern that dramatic bush fire footage shown overseas is deterring visitors. The Governments announced on Saturday that it will spend $76m to lure overseas tourists back to Australia after the bush fires.

A couple of Traders were discussing the business potential of selling face masks as a number of major retailers reported they had sold out of the popular P2 masks following smoke haze warnings. Options could include colour variations, indigenous designs, personalised face masks, and even one with the QVM logo.

The coolest spot in the market - aside from dedicated cool rooms, we have it on good authority that this bench at the top carpark walkway is most likely to receive a cooling breeze, even on still days. The good authority? - someone who regularly visits every precinct of our market in his daily duties.

Wednesday night’s Market was drastically impacted by weather with many Traders reporting a small crowd and little business. The weather forecast for thunderstorms and potentially damaging hail was enough to put off visitors. The actual weather on the night wasn’t too destructive although wind-blown rain caused problems for exposed Traders. We understand that South Melbourne market canceled its Wednesday night market because of threatening weather.

A Trader was contemplating a tennis related display that might appeal to all the Australian Open fans in town. Tennis balls dangling from the roof didn’t really appeal although he said he had been known to throw a tantrum or two and wondered if that would be appropriate.

The latest smoke haze health policy has one Trader wondering why 65 year olds get special leave (i.e. not deducted from leave days) when extreme heat endangers health but not when poor air quality endangers health. Maybe one for the TRC to take up?

Some good reports from Wednesday’s presentation at the Trader’s Hub about selling your market business. Apparently Denise Hall’s presentation was full of useful information with clear guidance on how to prepare your business for sale. A number of participants agreed that Market Traders need to be a lot more professional about this aspect of business and that pre-planning, perhaps over years, is the key to getting a good result.

This week's joke - "You know what they say: If you've seen one retail job,

then you've seen the mall."

Two Traders were discussing the trials of tackling Melbourne's traffic at the moment coming to and from the market. They agreed that the pain would be bearable if we could just make the time between arriving and departing a little more interesting and a lot more profitable.



The Importance Of The TRC And Why You Need To Nominate

The deadline for nominations for the Trader Representative Committee has been extended which may mean there has been lack of interest from Traders but clearly there has never been a more important time for this body to achieve some results through competent representation.

The retail revolution is carving its way through the old ways of retailing and new considerations for trading are arriving at a bewildering rate. Some very significant decisions have come out of the TRC in recent times with new trading hours probably at the top of the list.

This week there have been a few questions under the sheds -

Does The TRC Really Achieve Anything? -  It is unfortunate that this question is commonly asked but communication out of the TRC is rather poor. Traders rarely find out what has been discussed. However we are told that most important decisions about our market are put before the TRC in some way.

Do They (Management) Ever Really Listen? - This is a cop out from Traders who are looking for excuses not to get involved. A good representative will make argument that has to be listened to, and then follow up with questions that can’t be ignored. Facts, clear argument, and persistence are the key here.

I Don’t Have The Time To Be A Representative – Actually we are told this role doesn’t take much time. Meetings are probably monthly and most of the work is done within the actual meeting. Some issues will require discussion with your neighbours but if there is more research to be done, you simply ask for time and assistance.

Isn’t It A Lot Of Responsibility? – The TRC is an advisory committee. You offer your experience as a Trader to advise other Traders and Management about matters affecting trading. Decisions will not always have universal acceptance. That is the nature of decision making. But good, considered input, and respect for all points of view, is all that can be asked of any representative.

How Does The Selection Process Work? – Traders need to nominate themselves and an updated committee of 16 is made up of representatives from different market areas. (see chart below) To allow greater flexibility in representation of the open sheds, TRC representatives will be elected according to their trading format rather than the specific shed(s) they trade from. For example, there will now be five traders representing specialty shopping in the open sheds broadly. If there are more nominations than positions available in any one area, an election will be held.

What Now? – Traders need competent representatives to assist in the changing future of market trading. Traders are generally good at being individual business people but sometimes it is teamwork that really counts. Working well with fellow Traders and Management can produce results to benefit everyone. If you feel you can make a contribution please visit F1 for a nomination form or talk to your Precinct Manager.

By Greg Smith